CVBF
CVB Financial: Q2 Earnings Snapshot
Article Summary
HOLD- CVB Financial Corp. (NYSE: CVBF) reported Q2 earnings of $48.3 million, beating expectations with adjusted earnings of 44 cents per share and revenue of $219.1 million, while revenue net of interest expense was $179.4 million, slightly below expectations.
- The bank holding company posted revenue of just under $200 million, below expectations for $219 million, and net interest income of $179 million, which was below expectations of $183 million.
- CVB Financial reported earnings adjusted for merger-related expenses of $44 per share, slightly beating expectations for earnings of 42 cents, but revenue missed expectations by $4 million.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -2.9% | 25% | 0.0 ptsDeclining (-2.9%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 9.4% | 20% | 35.0 ptsBelow Screener (9.4%) - Target: $24.33 vs Current: $22.24 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -4.8% | 15% | 20.0 ptsBarely a Dip (-4.8%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About CVBF
- CVB Financial Corp. operates as bank holding company for Citizens Business Bank, National Association, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals.
- The company offers checking, savings, money market, and certificates of time deposit products for business and personal accounts, municipalities and districts, and specialized deposit products for title and escrow; and serves as a federal tax depository for business customers.
- It also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans; and equipment and vehicle leasing services.
- In addition, the company offers various specialized services, such as treasury management systems for monitoring and managing cash flow, a merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access; and foreign exchange and letters of credit services.
- Further, it provides financial and trust services, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts.
- CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.